Does the Federal Reserve Need to Be Audited?

A respected money manager weighs in on legislation proposed by a Fed critic, Sen. Rand Paul.

We are writing today in response to email exchanges with notable friends and fishing colleagues who are engaged in a discussion of legislation that calls for an audit of the Federal Reserve (Fed). That is now a serious conversation taking place in Washington DC.

We have a view regarding this call to “audit the Fed.” Some of my fishing buddies will not like it and do not agree.